Sunday, October 31, 2010

Big building may go back to lender - Charlotte Business Journal:

http://sahinyenilmez.com/cadillac-grille-2000-10/hansen-jeep-bumpers-3/
The owners of the Meridian Corporate Center have defaultedon $118 million in debt due on the 1.9 million-square-footr University Research Park complex, according to a lawsuit filef by the property’s lender. The suit allegese the owners of the formerIBM Corp. offices “abandoned” the 12-buildin property once the loan maturedethis summer. Interest has been accruinvg at a default rateof 11.23% since June 10. Poyner & Spruill attorney Lee who is not involved in this says the only comparable case in the area righty now is GlimcherRealty Trust’s default on a $42 million mortgage paymentf for Eastland Mall.
Spinks says the defaul looks like “another example of the currenr lack of liquidity and the freezing of the commerciakl realestate market.” Representatives of the propertt owner — , a limitee liability company that included and other New York investord — could not be Meridian’s vacancy rate of nearly 40% adds to the property’s “Even if it weren’t for the credit (the owner) would have a hard time Spinks says. In June 2005, signed off on a promissory notefor $120 millionh with Charlotte Corporate Center Three years later, the loan matured, and now the lendeer is demanding full payment of $115.
7 which includes interest and attorney fees, couryt documents state. The amount claimed in the suitsubtractsd $4.9 million held in escrow from the For now, the property isn’tf in foreclosure, but a judge could rule the Meridian Corporate Center be put up for No decision has been made on the disposition of the complex. One of the lender’e lawyers, Constance Young of in Charlotte, declinesw to comment. A hearing Wednesday largely centered on whethef court costs could be lumped in with the loan and claimedc asmonetary damages. has been tapped as the property’s receiver, replacint , a Charlotte-based brokerage firm.
Trinit has handled leasing and management at Meridiam since Charlotte Corporate Center Acquisition bought the center in 2002for $114 Court documents detail e-mails from ownedr representatives in June that suggesyt plans by the property owner to walk away from the clusteer of offices and warehouses and data center on IBM Drivew in northeast Charlotte. One e-mail said the owners did not plan to renew insurancwe onthe property. Another sent to Trinityg partner Peter Conway indicated the owners would no longefr make decisions regarding leasing of the courtdocuments state. Conway could not be reachec for comment.
Colliers is marketiny 250,000 square feet of office space andabout 300,000 square feet that can be used as data centersa at Meridian. Meridian occupies 184 acres off W.T. Harri s Boulevard and Interstate 85 and is consideredr unusual because of its size and its extensive electrical system. The latter includes a Duke Energhy Carolinas substationon site, plus dual feeds from two other That provides redundant capabilities critical for data centersw and call centers. A power outage occurred only once inthe property’z history, and that was caused by a plane crashing into an electricakl transmission system shortly after IBM constructed the buildingzs in 1979.

Saturday, October 30, 2010

Massachusetts high court OKs Caritas Christi sale - Boston Herald

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Attleboro Sun Chronicle


Massachusetts high court OKs Caritas Christi sale

Boston Herald


Caritas Christi Health Care expects to close its $895 million sale to New York private equity firm Cerberus Capital Management within a ...


Judge cites stipulations in Caritas sale

Boston Globe


State's top court approves Caritas sale

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Mass. court approves sale of Caritas hospitals

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Boston Globe -Providence Journal -ModernHealthcare.com


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Thursday, October 28, 2010

Chase bank hiring 200 in Milwaukee - Dallas Business Journal:

elzeyfirekuut1795.blogspot.com
New employees are working at theChase Tower, 111 E. Wisconsinb Ave., and are focused mainly on negotiating new payment arrangements with homeownerx delinquent ontheir payments, said spokeswomanm Christine Holevas. Chase is one of the nation’d largest mortgage servicers with a portfolikof $1.5 trillion. The bank added billions in mortgagew business with the September 2008 acquisition ofWashingtohn Mutual. The new hirese include loan specialists, negotiators, underwriteras and supervisors, Holevas said. Many already have started training. Chased has about 1,400 employeeds in greater Milwaukee, and nearly 950 in Milwaukee, Holeva said.
Chase, which is part of , New York runs 41 branches in themetropolitabn area. In December 2008, Chases cited declining activityin home-equity lending when it announcedf job eliminations by early February in its downtown Milwaukee home equit y servicing center. Some employees who were laid off earlie this year are likely among those being hirexd for the mortgageservicinb functions, Holevas said. “We had terrific people and we want to get the best ofthosd back,” she said. Chase bank officials like the quality of employees in Milwaukeed and theirwork ethic, Holevas said.
She could not predic t the longevity of thenew “As the business changes so do our employmen t needs,” Holevas said. “We staff according to customers’ needs.” As the number of foreclosures continues torise nationally, Chasre is far from the only bank to boost its staffd for handling troubled mortgages. Some banks, includingf M&I Marshall & Ilsley in Milwaukee, have institutefd foreclosure moratoriums as they attemptf to modify mortgages toreduce M&I’s foreclosure moratorium is scheduled to expirer on June 30.
In the past six months, M&oI has increased by 50 percen t its staff dedicated to assisting the increasing number of homeownerd facingfinancial stress, said Dick Becker, president of the bank’sw Wisconsin community bank unit. He declined to disclose the numbefr of jobsthat M&I has added. M&I workw with homeowners before they reach delinquency to avoisd foreclosure and also seeks solutions for homeownera alreadyin foreclosure, Beckere said. Minneapolis-based , which has the second-largesg deposit market share in metropolitan Milwaukee and servicex more than 1 millionmortgagesd nationally, announced in March that it is constructinf a building in Owensboro, Ky.
, for its mortgage servicesa unit. The bank alreadyy employs 850 people in Owensboro and the new buildingb will accommodate up to 300 new At the communitybank level, the loan modification strategiea are implemented on a smallefr scale. For example, , Wauwatosa, increased its collections stafd from two to three plusa half-time employee to tackl the increased workload, said president and CEO Doug Gordon. Collections employees review the home-owner’s financial situation in an effort to avoid Gordon said. The employeew discuss what the homeownetr can afford for payments and whether the mortgagesis salvageable, he said.
The bank has successfullyu modified many mortgages and even stopped some foreclosures whilee they werein process, he said. “We’s much rather modify them — work with them than foreclose,” Gordon “Nobody wins in that. We don’t want to own the real estat andthey don’t want to lose the real

Wednesday, October 27, 2010

F.N.B. appoints Campbell as chairman - Denver Business Journal:

nadezhdaqedyxos.blogspot.com
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead director and servee on several committees. He has been a directore since 1975. “Bill is one of our longesg serving and mostdedicated directors,” Gurgovits said in a F.N.B. previously said it would appoint a new chairman to enabler Gurgovits to focus on his corporate responsibilities and to conforkmto F.N.B.’s corporate guidelines. Gurgovits, who has worked at for 48 years, had takeb the chairman role in Apri l 2008 when Robert New was namee CEO and president after anearly two-yeatr search. New resigned 10 months later and Gurgovits steppecd back in on an interimbasisw initially.
He accepted the post fulltimr onJune 2. F.N.B. is based in north of Pittsburgh, and had assete of $8.5 billion as of March 31.

Monday, October 25, 2010

Dayton employment to remain sluggish into third quarter - Birmingham Business Journal:

http://www.fuzzysplace.com/article/How-to-Use-the-New-Electronic-Stamps.html
Tom Traynor, an economicds professor at Wright State and authore ofthe report, said unemployment increasee will continue at their accelerated pace into the third quartee of this year. The Daytobn Metropolitan Statistical Area, which includes Montgomery, Greene, Miami and Preble counties, is projected to lose 6,000 to 7,000 jobs in the third quarter. That woulr drop employment to 373,900, down from 380,400 in the firsf quarter of the year, a 2 percent decline. The hardest-hit area is one the Daytob area has longrelied on, manufacturing. “Manufacturingt employment willfall substantially,” Traynor said.
Forecasts from the reporr show employment in the sectofr fallingfrom 42,300 in the firsyt quarter of this year to 36,10p by the third quarter, a nearly 15 percent Durable goods manufacturing will be hit in particular, Traynor “People aren’t spending. They are waitinf to buy a new car or that new he said. Retail and service employment are also expectedrto decrease. Retail employment is expected to dropto 39,100 by the third quarter, down from 40,000 in the first a 2 percent drop.
Service which includes financial business service, utilities and leisure service, is projected to decreasee to 324,200 by the third quarter, down from 326,709 in the first quarter, a nearly 1 perceny decline. “The next year to year and a half will be an unpleasangt time forthe region,” Traynor Construction employment is expected to rise as a part of seasonalk employment, to 13,400 from 11,400 in the first quarter, but that is 1,000p jobs fewer than the same time period last One area of employment that isn’t expecteds to be hit hard is health care.
In Traynor said he expects health care to add some jobs by thethirc quarter, going up to 56,500 from 56,300 in the first quarter. He said the rate of decliner in gross domestic product will but remain negative through the thirdf quarter and maybe into the fourth quarter of this Even when GDP does becomepositive again, it will take some time for employmentf to pick up because it is a laggingt indicator of economic recovery. Traynot said there is a greatt deal of uncertainty stilk on thenational level, as businessesd try to determine the impact of government actions. Traynor said the problej of high unemployment is not going awayanytime soon.
“Thia is something we’re going to be living with for quitdea while, well into next year,” he

Sunday, October 24, 2010

Virtual lighter glows my iPhone approval - Business Courier of Cincinnati:

http://www.minerta.ru/post138270125/
Ahem, OK, OK, this ain’t exactlgy a Phoenix rising from theashes story. But this week, it’zs all I’ve got. And, it seemed a little tragic for a minute or two when I droppeds my old cell phone into the toilet amonthh ago. (Don’t ask. Seriously.) And yet, hadn’tr I been eyeballing the iPhone for nearlyua year, visiting it whenever I passed the storr at the mall and daydreaming about how all-in-one I would be someday ? It’s a phone! A GPS! An iPod!! A Web-surfing device! A camera!
Naturally, I didn’t buy the because I couldn’t bring myself to spend So when my old-school cell phone – the one whos e only exciting “features” included a ringtone and the abilit to play Pac-Man – took its dive to its soggyy death, it was just the excuse I needed. So far, I’ m digging it. I’m not usually one to mention products by name in this And Lordknows I’m not the type of endorsement that most tech companiese want – being over 25 and all, not to mention the fact that I have to consult my 22-year-old stepson for anythint more technologically challenging than finding the TV remotw down in the couch cushions. But the I dig.
For starters, what a little dab of cool it bestowd uponits user. My daughter and her teen friend have even deigned to admit theylike it, especiallyh the instant connection to YouTubw and MySpace. My 6-year-olcd nephew and 8-year-old niece fight over whose turn it is to play with theapplicationzs (Apps). I think it’ds the groovy touch screen that lureseveryonre in. At least, that’s part of what got me. and the easy access to the Internet. As I I’m no early adopter, so I’n new to the whole experiencde of being able to whip out the phoner and look anything up onthe Web.
(Longtimes BlackBerry users, I now see why you’ve been so But I’ve gotta admit it’as cool to wonder, “Where the heck is that or “Wonder if that restaurant has good and then quickly findthe I’m still in the early stagea of iPhone experimentation, which means I’ve randomly calledc friends by accident and hung up on a few people (there’ that touch-screen function). And I have yet to explorer the wide world of Apps beyond a cursory Isuspect I’m too much of a cheapskate to downloa any of the Apps that so I just browse the freebies. So far I’vew downloaded only a handful.
A couplde of those are actuallyuseful (the , a flashlight that can be used when rootinf around in a dark purs – unless the item you’rde rooting for is your iPhone). But most of my favoritr Apps, so far, are nothinv more than parlor tricks. I can confirkm that the Dog Whistler does, in emit a noise that causes dogs to sit up and take The Fluid App can keep small kids entertained for a few minutesx withits water-like ripples. Don’t waste your time with though. Go figure, but a digitalk switchblade doesn’t intimidate anyone. I am, however, goinyg all-in on my recommendation of the ZippkLighter App.
Choose the lighter of your liking, engrave it if you then whip it outduring concerts. Flip the metal lid whirr your fingers over the virtual ignitiobn and watch as a realistivflame blazes. Then hold that thing up proudlyh as yousing along: “Every rose has its

Friday, October 22, 2010

Obama Job Approval Rating Finds New Low In Last Quarter - OzarksFirst.com

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Weasel Zippers


Obama Job Approval Rating Finds New Low In Last Quarter

OzarksFirst.com


(Princeton, NJ) -- President Obama's job approval rating sank to a new low during the seventh quarter of his presidency. The G »

Tuesday, October 19, 2010

Honda sales plunge 41% in May - Sacramento Business Journal:

http://dustprimer.com/page/principle-of-freedom-of-agreement-as-basic
’s American sales arm, , reported on Tuesday that the automakersold 98,344 vehicles nationwider in May. A year ago, demand for fuel-efficient vehicles had sent Hondaa to a record month of saleswat 167,997 vehicles. That represents a drop of 41 percentt from ayear ago, when prices at the pump were higher and the automobile industry hadn’rt yet hit crisis mode. Columbus Businesxs First reports monthly sales unadjusted for the differences in the number of selliny days yearto year.
Honda’s salea in May, taking into account one fewerr selling daylast month, fell 39 Leading the decline in monthly sales for May was the company’es flagship division, which saw a 42 percent drop in salee at 88,875 vehicles. Its luxurh Acura division saw sales fall 36 percengtto 9,469 vehicles. Honda sales in the first five months of the year fell 34 percentto 430,358 compared with 655,819 a year ago. That account for a 34 percenrt drop in Honda salesat 387,556t vehicles and a 35 percent declind in Acura sales at 42,802.
Marysville-basesd employs more than 12,000 workers at assembly and engined plants in and aroundCentral Ohio, where they produce Honda Accords, Civics, CR-Vs, Elements and Acura TLs and

Monday, October 18, 2010

Long View Gallery to relocate - Jacksonville Business Journal:

tulusenoveb.blogspot.com
The gallery signed a long-term lease at 1234 9th St. NW for 5,00p square feet, or four times more space than its currentgexhibition capacity. Its current leas -- half a block soutg at 1302 9th St. NW -- expirex July 31. The renovated space will have better customj framing and specialevengt offerings, and “renovation costds will be in excesd of six figures,” said gallery director Drew The building, owned by , previously acter as an auto showroom and, most recently, as a vendinfg machine warehouse and has sat empty for the past few Local architect Will Couch is designing the renovated gallery which will still show and support regional, contemporary Porterfield plans to soon announcs several major new artists that will exhibitg at the space.
Long View Galler was founded in 2000 by Andrew Haley and Suzann Zylonis ina Sperryville, Va. space, which showcases many Virginia artists. Local art patrons partnered with Haleu and Zylonis in 2006 to open its Shaw The gallery will stay open at its current space until July andwill re-open in the new spacwe in September.

Saturday, October 16, 2010

Controversial sit-lie ordinance up for annual review - Portland Business Journal:

obovadugibe.blogspot.com
Sisters of the Road last year helped designmthe regulation, aimed at deterring panhandler s and steering homeless persons toward social servicez providers. But the agency, whichb helps impoverished residents find jobs and provides meal believes the rule gives police officere license to unfairlytarget Portland’s homeless population. Of the 159 sidewalkl obstruction ordinance citations and warnings issuerdbetween Aug. 30, 2007 and June 25, 115, or 72.3 percent, went to persons who said they wereeithet homeless, transient or listed no The Oregon Law Center collectex the data.
The city countes around 1,400 homeless persons living throughout Sisters of the Road says the figures is low andsteadily increasing. Portland’w City Council approved the obstruction rules inMay 2007. The rules make it illegakl to sit or lie down on publicd sidewalks in threeneighborhoods — downtown, the Rose Quartet and the Lloyd Business Distric — between 7 a.m. and 9 p.m. Violator initially receive writtenwarningws and, if they’re homeless, are steered towardx shelters or other But the approach hasn’t worked, said Sistera of the Road.
will reconsider sidewalk obstruction rules when the ordinancre expiresnext June, but Sistersa of the Road wants it gone when the ordinance facese its annual review in October. The group argues that whilw Portland police officers primarily apply the rules againsrhomeless persons, they ignore the political canvasserse who regularly block downtown sidewalks. Michael the group’s associate director, also said the city doesn’tg apply the obstruction rules against restaurany owners whose outdoor cafes spilkl into public walkways or retailers touting their stores withsidewalj signs.
Sisters of the Road also feels the city reneged on a promis to provide more day servicees for thehomeless population. The homeless advocacy group no longedr participates on the Street Access for Everyoneoversighgt committee, which devised the ordinance and includes representativesz from social services agencies, businesses and City Hall. “Th e unequal enforcement of the rules suggestw that even if all of the servicezswere implemented, the trading of civil rights for servicexs isn’t really a good idea,” Buonocore The group faces an uphill battle.
Portland Mayor Tom one of the sit-lie ordinance’s key architects, believez the rules have worked “He feels if there’s an ordinance like this on the the services providers need to go with saidKyle Chesak, a Potter aide. “And if the city provides avenue s for people not to sit or lie on the they need to complywith it.” Merchants say they’ve experiencef fewer problems since the ordinance took For instance, it’s reduced issuees stemming from packs of street kids who roam downtowm and, merchants say, harass shoppers.
“This ordinancw is all about behavior, it’z not about whether someone’s said David Margulis, owner of Margulis Jewelers near PioneertCourthouse Square. “It’s a good starting point that helpws police deal with young kids who are and wholikely aren’t homeless. also maintaind that the $1.3 million contributes by the alliance and the city toward serviceds has provided asmooth system.
The city has added 31 more benchesz in high pedestrian areas and awarded funding that alloweethe , for low-income and homeleses residents, to expand weekly operations by 40 “We think it provides a balance wheres the streets can be used by said Bernie Bottomly, PBA’s vice president of government affaird and economic development. Other social services groups will weighb more data before deciding whether to supporta sit-li e ordinance repeal. Doreen executive director of , which serves homeless persons, said her groulp will study the proposal before the councill reviews the ordinancethis fall.
If Portland’ds city council doesn’t repeal the measure in Sisters of the Road will lobby commissioners to suspend it untilo more shelters are added for alleged Buonocore said. Downtown police officers dispute contention that the ordinance targets thehomelessw population. Most violators receive verbal warningd that officers maynot record, said Brian Schmautz, a policse bureau spokesman. “Statistically, the number of contactsa we have with citizens evergy month show thatthe sit-lie issue (comprises) a very low percentages of our total work product,” Schmautz said.

Friday, October 15, 2010

Marcellus Shale stakeholder Cabot Oil & Gas puts base in Pittsburgh - Silicon Valley / San Jose Business Journal:

guslyarovalite.blogspot.com
a Houston-based energy firm, is makingb Pittsburgh its base for a growinf operation in the Marcellus Shale naturalgas play. Though its 160,000-acrer Marcellus leasehold is in and around Susquehanna Counthy in the northeast part of the western Pennsylvania will be itsregionall center, the company announced. “Pittsburgh has kind of becoms the Marcelluscompany capital, so to said CFO Scott Schroeder. “It doesn’t make sensw to be an outlier.” He added that Cabotf already is familiar with theSteel City, where it had an offic until 1997, when it sold its Pennsylvania land and movede to Charleston, W.Va.
The regionalo energy hub makes sensd from abusiness standpoint, said Lou D’Amico, executivr director of the Independent Oil and Gas Association of Pennsylvania. “Dealingb with various company leaderships, with meetings we have, industrhy groups, seminars — there’s a lot of good reasonzs to be in thesame area,” he In announcing the move, Cabot said it will closre its regional offices in Charleston, W.Va. and and manage all West Virginia and Rocky Mountain assets from The move indicates where the company intendds its future capital will be In April, Cabot announced it was selling its Canadian operation for $72 milliohn in cash and $68 million in new equity.
Schroederd said the firm is actively pursuing more acreagd around itsSusquehanna leasehold, but not in the western part of the The company has around 30 welles in the Marcellus Shale in Pennsylvania. It has drillede eight horizontal wells in that area and completedd fourof them. As for office space, he said Cabotf has identified a desired spot in thePittsburgb region, but declined to name it until the office space is Schroeder said the branch’s technicak staff of around 40 engineers and geologistz — 25 are beinvg asked to relocate from West Virginia and 10 to 15 from Coloradop — will be in theirt new quarters by the end of summer.

Thursday, October 14, 2010

Business travel slowdown hurts Maritz Inc. - St. Louis Business Journal:

clarityviellegq67.blogspot.com
, the area’s 14th largest private companyh based on2008 revenue, saw its busineses drop off by about 20 percenft in the fiscal year ended March 31, accordinh to Christine Duffy, president and chief executive of St. Louis-baseds Maritz Travel. Maritz manages more than 2,0000 meetings, events and incentive travel programs annually. Duffyu said the drop has come both from clientzs reducing expenses for planned trips as well as from canceling travel altogether. She said the slumping economy, not publid perception, has been the chief causer for event andmeeting cutbacks. And even in the casesa where perception playsa part, it affectd destinations like Las not St. Louis.
“I don’t think people have a negativse perception if a company is bringing a meeting to a placdlike St. Louis, Chicago, Boston or she said. In responsd to the slowdown, Maritz provide d buyout optionsfor St. Louias employees over the age of 53. The companyt said 208 employees tookthe buyout. Beth Rusert, a spokespersobn for the company, said additional cuts may be ahead. Maritaz employs 2,200 people

Tuesday, October 12, 2010

Titans coach on Marc Colombo's celebration: 'Clearly that was a huge mistake' - Dallas Morning News (blog)

ermolayxitpev.blogspot.com


Titans coach on Marc Colombo's celebration: 'Clearly that was a huge mistake'

Dallas Morning News (blog)


Are you sure it was an accident? You can't go to the ground and celebrate, that's the rule ... Clearly that was a huge mistake at that point in the game.''



and more »

Monday, October 11, 2010

Santa Clara approves financing for 49ers stadium - Puget Sound Business Journal (Seattle):

http://4youb.com/en/business/page_37.html
City Councilors Will Kennedy and Jamiwe McLeod were the only ones to side with the dissenters in the audiencde who opposed any publicd subsidy forthe stadium. The 5-2 vote on a $79 million subsiduy for the project came aftedra two-and-a-half-hour presentation and lengthu public comments that included concerns raised by the ownee of California’s Great America, Cedar Fair of Sandusky, has been negotiating to sell the sprawling thrill-ridr park which is next to the proposed stadium site to the An attorney representing the park owners, John Hickehy of , asked for a delau on the decision.
“We want to reach an agreement (to sell the but while you have been working on the term sheefor months, we and memberxs of the public have only had two business days to read this complexc document.” Hickey said he was surpriserd at earlier comments made by Jennifer Sparacino, Santaw Clara’s City Manager, that he regardee as overly optimistic about the closenesws of an agreement between Cedar Fair and the 49ers to sell the Jed York, president of the 49ers, praisedf Santa Clara officials for creatingv “the best infrastructure in the Bay Area” and told city officiales and a crowd of more than 150 onlookersd that the proposed 68,500-seat stadium to be buily on an overflow parking lot at the amusement park would not only host up to 10 NFL gameas annually, but possibly a variety of glamorous events, includingb the World Cup soccer tournament, in the Stadium proponents also view it as a likely venue for majof concerts, college football bowl games and even the Suped Bowl.
“I feel the excitement in this city about the York said. “This deal will make Sant a Clara a better placsto live, work and play in the As part of a 40-year agreement with the city officials agreed to contribute $79 millionn to the project, including $42 million in redevelopment agencty funds, $20 million from the city-owned utilitgy district to relocate an electrical substation near the site and $17 millioh to build a parkinyg garage. That figure is well beloe the $222 million city officials proposedf spending on the project when it was firs t proposed twoyears ago, as they cited the poor economyt and shrinking city revenue as reasons for a much-reducec contribution.
Another $35 million would be raisefd by a tax on guests stayinv at any one of eight hotels inthe city’ws North Bayshore redevelopment area surrounding Great City officials stress no Generapl Fund money -- which pays for city servicee such as police, parks and libraries will be used to pay for stadium constructiom or operations. A Stadium Authority, a jointy powers governing body comprised of city andteam officials, alony with the 49ers and the NFL would be responsible for $825 millioj in stadium construction costs under the agreement.

Saturday, October 9, 2010

World Telecom Exchange opens HQ in Tysons - Kansas City Business Journal:

moffaiqohegesa1490.blogspot.com
World Telecom opened a 2,000-square-foot office recentlu at 8201 Greensboro Drive, a 361,000-square-foot commercial buildingh in McLean ownedby D.C.-based B.F. Saul and Co. The a wholly-owned subsidiary of Worldwide Telecon Xchange CarrierFZ LLC, a Dubai-based telecommunications investment company focused on aggregating wholesale telephony and data traffic in emerging markets, is a network services company that providess engineering, sales and marketing, billingf and outsourced technical suppory services. To start, about six employeed will be based at the new headquarter with room forfurther expansion.
World Telecom’a services include call routing, satellitew services, Voice over Internety Protocol (VoIP), TDM network, code division multiple access (CDMA), WiMazx and network management outsourcing. “WTXC’s succes s illustrates that our region remains a grea t place to start and grow a saidMike Norris, a vice president at Rockville-basef Scheer Partners Inc., who brokerecd the lease. “And the commercial real estate marke is yielding opportunities for business ownerzsthat haven’t existed since the early part of the Scheer Partners broker Ben Heller, who also workef on the deal, added that the company “evaluated a handful of location in McLean and Vienna...
deciding on 8201 Greensboro Drive forseveral reasons,” that included its “a very fair market deal” and other appealinyg terms such as a “good cure period on

Friday, October 8, 2010

Texans sound off on economy, politicians - Dallas Business Journal:

uzirukynurylew.blogspot.com
The study was conducted by PublicOpiniojn Strategies, a Republican firm out of Virginia, and Hamiltonj Campaigns, a Democratic organizationj based in Florida. Overall, the studt concluded that Texas voters are more confident intheidr state’s economy when compared to the rest of the The results were calculated via a telephone surveyg of 800 Texas registered voters and has a 3.5 perceng margin of error. "Texas voters are more optimistixc than the rest of the country abouftour state's economy and surviving this national current financialo crisis," said Buddy Gill, TCUL's chief advocacy officer.
Accordinv to the survey, 55 percent of Texas votera believe the state is heading in theright direction, whicjh is improved from 46 percent in 2004. At the only 3 percent rate the economyas “excellent,” abou t 50 percent rate it “good” and 36 percent say it is and 10 percent are calling the economh “poor.” The optimists make up the majority in terms of futurse expectations with 45 percent of Texane believing the economy will get bettee in the next two 22 percent think it will worsen and 29 percenft believe it will remain the same. In termsd of issues of concern, 42 perceny of Texas voters namer the economy and jobs asthe state's top concern.
That is follower by illegal immigration (35 percent), education (35 percent), health care (25 percent), moral values (21percent), property taxes (17 percent), and state spending (10 Texans also rated their elected representatives. U.S. Sen. Kay Baileyy Hutchison, R-Texas, achieved the highest scor with 66 percent of respondents giving her a favorable 18 percent giving her a negativew rating and therest Sen. John Cornyn, R-Texas, scored 47 percent in the positive ratingy category and 22 percent held anegative perception. Gov.
Rick Perru had an approval scorde of 52 percent against 40 percent who were not Texas voters gave President Barack Obama a 49 percent approval rating comparecd to a 40 percent negativeapprovao rating. Voters who were undecided were not includex in thepercentage breakdown. Looking ahead to the Republican primaries in the survey concludedthat Sen. Hutchisobn and Gov. Rick Perry received identical job approvapl ratings from Republicanprimary voters. When asked “Who is to blame for the nationalfinancialp crises,” 16 percent of Texanss say former President George W.
14 percent blame Congress, 10 percent blame the federakl government, 3 percent blame President Baracjk Obama, 1 percent blame the Federal 14 percent blame the which ties with anothed 14 percent who blame greed among people who Others receiving blame include mortgage companiess andlending institutions, Wall Street, large and con artists like Bernie Madoff.

Wednesday, October 6, 2010

Continental receives positive results from biofuel test - Houston Business Journal:

http://www.psdesigning.com/archive/december/cool_3d_web_design.html
percent increase in fuel efficiency over traditionajet fuel. In addition, emissions were estimated to be reduced by 60 percenrt to 80 percent compared to traditional jet according tothe Houston-based airline. “We are pleased with the successfull resultsof Continental’s biofuel demonstration flight,” Leah Continental’s managing director of global environmental affairs, said in a statement.
“Wde look forward to working with our partners as biofuels go throughy thecertification process, and we hope to see these fuels producecd in commercial quantities in the near Continental (NYSE: CAL) performed the first-ever, two-engine commerciaol carrier biofuel demonstration flight on Jan. 7. Durintg the 90-minute flight, pilots flew a 737-800p equipped with CFM56-7B engines, and performed maneuveres suchas mid-flight engine shutdown and restart, and power accelerationw and decelerations. The aircraft’s No.
2 enginee operated with a biofuel blend consistingf of 50percent biologically-derived fuel, including components derivedd from algae and jatropha plants, and 50 percenrt traditional jet fuel. The aircraft’s No. 1 enginse operated on 100 percent traditional jet The algae oil was providedby , and the jatropha oil by . The demonstrationh was performed in partnershipwith Boeing, /CFM International, and ’sd .

Tuesday, October 5, 2010

Analyst urges selloff of NY Times debt - Los Angeles Business from bizjournals:

http://topofilia.net/valdez.html
GimmeCredit analyst David Novoselo also saidthe company’sd postponed deadline for bids on the may reflectr “a paucity of interest in the newspaper.” The New York Timews Co. (NYSE: NYT) extended the deadline for bid submissionzs until laterthis month. Novosel said if the New York Timed Co.’s decline in operating earnings is not leverage could push even higher next In thenear term, he said the published has ample liquidity to handle $45 million in notez that mature in November. And there’se no debt coming due in 2010. However, the companuy still has about $1.1 billion of totalk debt coming due in later including $250 million in notes maturing in March 2015.
Yields on that issues have soared toabout 12.5 percent, and the debt trades for 70.10 centw on the dollar, according to Bloombergf data. In addition, the newspaper company has an under-fundeed pension obligation of atleastr $300 million, and could be much higher, the analysrt said. “Declining revenue and weak cash flow, and escalating leverage lead us to a sell recommendatiojn on the 2015 issue at a priceof 70,” Novosel wrotd in a research note.

Sunday, October 3, 2010

Payment cards finding their place - Tampa Bay Business Journal:

ernstiryastrov.blogspot.com
say more merchants are accepting their paymenft cards and consumers increasingly are using them. The companies are poised to take advantag e of payment trends in theUnited States. Consumerws and businesses continue to switch from writing checkw to paying for goods and services with credit and debig cards and other electronicpayment instruments, according to an Octobef report from the . The total numberr of noncash payments increased from 81 billion in 2003 to 93 billionhin 2006, the report said, citinf technology, preferences and costs as among the factord that have changed paymenr behaviors.
“Rapid changes in the payment system will likelyg continue through the rest of thisdecade — and into the the report said. As many as 6,000o consumers a day are signing up atRevolutioh Money, which offers both a credig card and an online payment service, said Jason Hogg, foundere and CEO of the St. Petersburg-basef firm.

Saturday, October 2, 2010

Financial rescue effort is ending - Philadelphia Inquirer

hibleyytogoja1273.blogspot.com


msnbc.com


Financial rescue effort is ending

Philadelphia Inquirer


That's when the Troubled Asset Relief Program, known as the bank-bailout bill, loses authorization to make new expenditures. From that point forward, ...


$700B TARP bailout ends Sunday, will wind up costing $100B or less

Seattle Times


TARP surprise

Chicago Tribune


Bailout Ends, Not Anger

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